Bank Millennium

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Bank Millennium SA
Public
Industry Finance and Insurance
Founded 1989
Headquarters Warsaw, Poland
Key people
Joao Bras Jorge CEO
Products Financial Services
701,3m PLN
Website https://www.bankmillennium.pl

Bank Millennium S.A.Poland based commercial bank with headquarters in Warsaw. The strategical investor of the bank is Banco Comercial Português (BCP). It is one of the largest banks in Poland.

Operations[edit]

The Bank offers its services through a network of branches, online, phone and mobile banking to personal customers (in Retail, Prestige and Private Banking segments), to sole traders and microbusinesses as well as medium and large companies in the Corporate Banking segment. In 2016 the Bank had close to 1.5 million active personal Customers and 13,000 corporate Customers who have 24/7 access to modern financial services thanks to the nationwide network of close to 400 branches and latest technologies (online, phone, mobile banking). The number of customers actively using e-banking exceeded 980,000 in 2016 and was 16% higher than in the same period of 2015. Mobile banking as of end of September 2016 had 596,000 users (which means 38% growth y/y). Apart from the bank the most important companies in the Group are: Millennium Leasing (lease business), Millennium Dom Maklerski (brokerage business) and Millennium TFI (mutual funds). The offering of these companies complements the services and products offered by the Bank. Joint Stock Company listed since 1992 on the Warsaw Stock Exchange in Warsaw. The Bank’s shares are included in WIG 30 and Respect Index indexes.[1]

History[edit]

A branch of Bank Millennium in Poland

Bank Millennium was established in 1989 as Bank Inicjatyw Gospodarczych BIG SA. In 1992 the Bank’s shares – the first shares of a financial institution – debuted on the Warsaw Stock Exchange. In 1997 the Bank merged with Bank Gdański SA (1997). A year later in cooperation with its Portuguese shareholder and partner Banco Comercial Portugues (BCP), the Bank launched the Millennium retail service network. Today BCP holds 50.1% shares of Bank Millennium.[2]

References[edit]

  1. ^ "Bank Millennium Annual Report". 21 March 2017. Retrieved 21 March 2017. 
  2. ^ . 21 March 2017 http://www.bankmillennium.pl. Retrieved 21 March 2017.  Missing or empty |title= (help)